27 High Street Maidstone Kent M14 1JF

27 High Street
Maidstone
Kent
M14 1JF

Long Leasehold Retail Investment

Let to PDSA until 2024 (subject to option)
Busy Town Centre location
Suitable SIPP Purchase
Nearby occupiers include Argos, Specsavers Opticians, Barclays Bank, The Post Office and the Chicago Rock Café
Six Week Completion Period Available

Lot
18
Auction
21st March 2013
Rent
£40,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Long Leasehold Retail Investment

Let to PDSA until 2024 (subject to option)
Busy Town Centre location
Suitable SIPP Purchase
Nearby occupiers include Argos, Specsavers Opticians, Barclays Bank, The Post Office and the Chicago Rock Café
Six Week Completion Period Available

Lot 18
Auction 21st March 2013
Rent £40,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 9.3 miles south of Gillingham, 17 miles north-east of Royal Tunbridge Wells, 37 miles south-east of London
Roads: A229, A249, M20 (Junction 6)
Rail: Maidstone East Railway Station
Air: London City Airport, London Gatwick

Situation

The property is situated in the heart of the town centre on the north side of the High Street adjacent to Argos. Neighbouring occupiers include Specsavers Opticians, Barclays Bank, The Post Office and the Chicago Rock Café.

Tenure

Long Leasehold. Long Leasehold. Held for a term until 2135 at a fixed peppercorn rent.

Location

Miles: 9.3 miles south of Gillingham, 17 miles north-east of Royal Tunbridge Wells, 37 miles south-east of London
Roads: A229, A249, M20 (Junction 6)
Rail: Maidstone East Railway Station
Air: London City Airport, London Gatwick

Situation

Tenure

Long Leasehold. Long Leasehold. Held for a term until 2135 at a fixed peppercorn rent.

Description

The property comprises retail and ancillary accommodation on the ground floor and forms part of a larger building. The property benefits from rear access from Medway Street.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises retail and ancillary accommodation on the ground floor and forms part of a larger building. The property benefits from rear access from Medway Street.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
Ground	Retail	289.19 sq m	(3,113 sq ft)	PDSA (1)	15 years from 25/12/2009 until 2024 on a full repairing and insuring lease (2)	£40,000	25/12/2014 25/12/2019 (25/12/2024)
Totals		289.19 sq m	(3,113 sq ft)			£40,000

(1) PDSA is a major registered charity that has been established for 96 years. The PDSA operate 179 retail shops in the UK, 377 Pet Aid practices and 43 Pet Aid hospitals. For the year 2011 PDSA repored income of £93,463,000, total current assets of £10,058,000 and total charity funds of £98,988,000. (Source: PDSA Annual Report and Accounts 2011, www.pdsa.org.uk)
(2) There is a tenant only option to determine on the 10th anniversary of the term subject to providing 6 month’s prior written notice.